Stock Of The Day: Micron Technology Price Level Converts From Support To Resistance And Vice Versa
Micron Technology(MU) Benzinga·2024-09-27 05:03
Micron Technology, Inc. MU continued its upward trajectory Thursday after reporting upbeat quarterly results.Good traders know how to identify important price levels. These are called support and resistance levels. Sometimes these levels are clearly defined. As you can see on the chart, this is the case with Micron and the $108.80 level. This is why we have made it our Stock of the Day.If a stock is trending lower, there isn't enough demand, or buy orders, to absorb all the supply, or sell orders. As a resu ...